Euler Hermes, the world’s leading trade credit insurer, has issued an assessment of the progress the world has made a decade on from the onset of the Global Financial Crisis. Ludovic Subran, chief economist at Euler Hermes said “After one of the most tumultuous decades in both living memory and by any historical measure, we…
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Creditsafe has published a Credit Worthiness Premier League table. The research has revealed that Chelsea is set to be relegated from the 2017 Premier League – if the final standings were based on company credit ratings. Despite having a turnover of over £335million, the football club finds itself with the third worst credit score in…
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Business finance company MarketInvoice, the business finance company, reveals insights from a survey of businesses on their funding needs and wider concerns. When it comes to making business funding decisions, over half (56%) of business leaders reported that accountants are their most important external advisers when considering business finance options. They are twice as important to…
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Marston Chief Executive, Gareth Hughes, has won the Transformational Leader prize at the London & South EY Entrepreneur Of The Year awards in London. The EY Entrepreneur Of The Year programme, now in its 31st year globally and 19th in the UK, celebrates men and women that are building and leading successful, growing and dynamic…
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The Insolvency Service has announced it has appointed three new non-executive directors. Richard Oirschot, Mary Chapman and William Trower QC have joined the Board which is responsible for the strategic leadership of the agency. Richard Oirschot is an experienced board director with a background in corporate recovery. He is a member of the Institute for…
Read moreTrade credit insurer Atradius has published an economic research report on South Africa, following the news that the nation has officially entered a recession. The paper, entitled ‘South Africa: More vulnerable to changes in market sentiment’, is designed to brief businesses on the background to the current economic crisis facing the country and assessing its…
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Data from Barclaycard has revealed that consumer spending has risen by 3.5%. The data shows that consumers received some respite from a continued drop in petrol prices, which have fallen from an average of 120p per litre at the start of the year to 113p last month. As a result, expenditure on the forecourt increased…
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Figures released by the Finance & Leasing Association (FLA) show that the number of second charge mortgage repossessions in Q2 2017 was 36, 10% lower than in the same quarter in 2016. The annual rate of second charge mortgage repossessions as a percentage of average outstanding agreements at the end of Q2 2017 was 0.06%,…
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The number of debt decrees registered against Scottish businesses reached a record low during the first six months of the year, according to figures released by the Registry Trust. There were 1,198 debt decrees registered against Scottish businesses in the first half of 2017, down a third on the previous year and the lowest on…
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Business Peer to Peer lender ThinCats has announced that the company has been granted full authorisation by the Financial Conduct Authority. The company says that authorisation paves the way to offering a full spectrum of smart investment products, with a number of developments planned including the launch of a ThinCats ISA, subject to obtaining ISA manager…
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There was a small increase in the numbers of decrees for debt against Scottish consumers during the first half of 2017, according to figures released by Registry Trust. In the first six months of 2017, 10,967 debt decrees were registered against consumers in Scotland, a four percent increase on the same period last year. The…
Read moreAmicus Property Finance has announced a record month of lending in July at £72 million. The firm has cited a confident and buoyant short-term property lending market as well as having expanded its offering further across the country with the opening of the Manchester office last year as key factors. July’s record figure covers a regional…
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Late payments are an even bigger challenge for those medium-sized companies, with 94% of businesses employing over 50 people reporting that the issue is causing cashflow problems for them according to new figures from Ultimate Finance. In partnership with BDRC Continental, Ultimate Finance conducted research into the impact of late payments on the SME sector.…
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